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20121002
20121010
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CNBC
Oct 9, 2012 3:00pm EDT
in three years. and they're going to see higher taxes. that's a lump of coal for any anniversary. rather than focus on the negatives in alcoa, focus on the fact they have asian exposure, european exposure. focus on the positives. financial engineering is back in this market. some of the parts for a company like alcoa exceed the value. >> you're making excuses for alcoa even before the ceo comes on. i like that. bob, what do you make of the action? put it in perspective, five years compared to now. >> the dow jones industrial average went from 1500 to 750. that was cut in half. that certainly was a disaster. >> you mean the s&p? >> the s&p, excuse me, bill. nonetheless, bottom line is holding on from that point to here, you can say, yeah, does buy and hold still work? that's what everybody's interested in. i think the evidence is it certainly does, but you have to have long periods of time to look at it. i'm not so impressed that we're not anywhere where we were 12 years ago. if you invested on a regular basis from now through the bottom, i think you'll find you have not done so bad here,
CNBC
Oct 2, 2012 3:00pm EDT
had hoped, tax free. i'm very proud of the team, including my ex-cfo. they really put together a good plan with alibaba. which ever way they do it, probably share buy back, i actually have no idea, that's good for the shareholders. >> you know, it seems to me that it's a real crux or sort of a dilemma that you face when you're in technology and sort of a proponent of, you know, information flow across the world and dealing with a government that withholds information. how do you balance that? of course, i'm talking about the chinese. >> well, that was actually, you know, there were a lot of issues around that. not only with alibaba but also with all of the users in china. to make sure that we were doing the right thing for everyone relative to freedom of information, so that's not going to go away any time soon. it's just going to have many chapters. we're probably only in chapter three. >> what a tremendous fall. i mean, shareholders obviously, yourself included, have watched the company lose a tremendous amount of market value. you think yahoo! can get it back? >> i think they can.
Search Results 0 to 1 of about 2